Agree with everything you say. I also get the feeling that people don’t know what to make of the current trading conditions. As they have many channels, there will be some winners and losers during this period, but it’s hard to get a read on if the winners will outnumber the losers.
My other concern is if the revenue growth is ‘good revenue’ and flows down to the bottom line. I get the feeling that the big win Chemist Warehouse contract may be good for revenue, but not a strong contributor to profits. I continue to hold patiently...
EBO Price at posting:
$21.30 Sentiment: Hold Disclosure: Held
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